German printing inks and chemicals specialists hubergroup has announced the signing of a sale and purchase agreement (SPA) with a consortium of MAVCO Investments, an India-based private investment vehicle belonging to select members of the Murugappa family, and funds managed by Avenue Capital Group, a New York-headquartered global investment firm. The consortium will acquire all shares in the company from the current owner, Cornelius Treuhand Holding. The completion of the transaction is subject to the required regulatory approvals.
The partnership marks a significant milestone in hubergroup’s journey towards becoming an internationally leading, fully integrated, packaging-focused print solutions provider with an expanding chemicals business.
A Strategic Alliance for Sustainable Growth
The planned investment in hubergroup by the consortium signifies a commitment to long-term, sustainable growth. The combination of proven operational track record and strategic industrial expertise of the partnering Murugappa family members, along with the investment expertise of Avenue Capital Group provides hubergroup with a unique platform to enhance its market position, strengthen its financial base, and increase investments in high impact areas.
Mavco Investments Director M. A. M. Arunachalam says, “We are excited to announce our partnership with hubergroup, an organisation with a rich heritage spanning multiple centuries. This collaboration marks our strategic entry into the global print / packaging solutions and allied products. Together with Avenue Capital Group, we are committed to accelerating hubergroup’s growth in key international markets and enhancing its ability to deliver exceptional value to all its business partners worldwide.”
In their joint statement, Avenue Capital Group’s Pankaj Goel, Head of Partnerships, Asia Pacific, and Rohit Santani, Country Manager, India, say that they are excited to partner with MAVCO to unlock hubergroup’s potential in new and existing markets and deliver robust and profitable growth for the years to come. “MAVCO’s strategic vision and operational expertise combined with hubergroup’s drive for innovation and growth potential fits perfectly with our approach to back transformative businesses.”
Unlocking Market Potential in Key Regions
This investment also allows hubergroup to capitalise on high-growth opportunities across geographies. The regions where demand for high-quality chemicals and print and packaging solutions is growing, represent significant areas for expansion. The backing from the consortium will allow hubergroup to meet this demand and unlock new market potential.
Dr. Florian Dausend and Prof. Dr. Markus Stadler, Managing Partners of Cornelius Treuhand Holding, feel that as trustees, their priority has been to ensure a robust and strategically sound future for hubergroup. “We are confident that the consortium provides the ideal foundation for hubergroup’s growth, stability, and continued success across the globe.”
Building on a Solid Foundation
The hard work and dedication of hubergroup’s team over recent years have laid the groundwork for this exciting partnership. Together, the company’s employees have navigated challenges, implemented changes, and are now well-positioned to leverage the opportunities that this acquisition presents. With improved access to financial and strategic resources, hubergroup will be empowered to accelerate its innovation efforts and expand its footprint in key markets.
Britta Hübner, Chief Transformation Officer, hubergroup, comments, “This acquisition is proof of the resilience and commitment of our entire team. Our efforts to transform into a robust, sustainable foundation have paid off, and together with the consortium we are well positioned for significant growth and industry leadership.”
